Published: Wed, February 21, 2018
World | By Paul Elliott

Wynn Resorts (NASDAQ:WYNN) Cut to Neutral at UBS Group

BlackRock Inc. lifted its position in shares of Wynn Resorts by 5.0% in the fourth quarter. Wynn Resorts, Limited is a part of Services sector and belongs to Resorts & Casinos industry. Looking at the last 12 week period, we note that the stock has moved 0.13%. About 317,650 shares traded. Wynn Resorts, Limited (NASDAQ:WYNN) has risen 37.63% since February 20, 2017 and is uptrending. It has outperformed by 20.93% the S&P500.

Private Advisor Group Llc decreased Wynn Resorts Ltd (WYNN) stake by 59.07% reported in 2017Q3 SEC filing. Thornburg Inv Inc invested in 890,955 shares or 0.95% of the stock. The institutional investor held 4,168 shares of the major banks company at the end of 2017Q3, valued at $6.17 million, down from 4,416 at the end of the previous reported quarter. At&T now has $225.61B valuation. The stock increased 1.17% or $1.92 during the last trading session, reaching $166.2.

The Relative Volume of the company is 0.97 and Average Volume (3 months) is 3.56 million. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since February 20, 2017 and is uptrending. It has outperformed by 75.18% the S&P500.

Wynn Resorts, Limited develops, owns, and operates destination casino resorts. The company has market cap of $4.75 billion. The company has a Return on Assets (ROA) of 2.30%. The company has managed to keep price to sales ratio of 2.67.

On January 26, 2018, The Wall Street Journal published an article titled "Dozens of People Recount Pattern of Sexual Misconduct by Las Vegas Mogul Steve Wynn", revealing detailed accounts that Wynn had coerced and pressured several Wynn Resorts employees to perform sex acts.

Investors sentiment decreased to 1.01 in 2017 Q3. Its up 0.02, from 1.15 in 2017Q2. Bnp Paribas Arbitrage Sa who had been investing in Wynn Resorts Ltd (Put) for a number of months, seems to be less bullish one the $17.08B market cap company. Ww Asset Mgmt reported 0.04% in Wynn Resorts, Limited (NASDAQ:WYNN). Hartford Mngmt Comm invested in 0.05% or 17,227 shares. Suntrust Banks holds 10,517 shares or 0% of its portfolio. Neuberger Berman Group LLC purchased a new stake in shares of Wynn Resorts during the third quarter valued at $234,000. Emerald Advisers Pa accumulated 22,375 shares. Columbus Circle Investors accumulated 583,965 shares. Amp Capital reported 0.02% of its portfolio in Wynn Resorts, Limited (NASDAQ:WYNN). Barr E S & has invested 3.78% in Wynn Resorts, Limited (NASDAQ:WYNN). Manufacturers Life Insurance Company The invested in 0.02% or 85,240 shares. Raymond James Tru Na has 381,997 shares. Livforsakringsbolaget Skandia Omsesidigt has 0.02% invested in Wynn Resorts, Limited (NASDAQ:WYNN). Bragg Finance Advsrs holds 0.9% or 149,282 shares.

Sell-side analysts often undertake stock analysis to give their opinions of whether they believe that shares should be bought, sold, or held. Therefore 33% are positive. Wynn Resorts has a 1-year low of $92.67 and a 1-year high of $203.63. Northland Capital maintained the shares of ARRS in report on Monday, October 16 with "Hold" rating.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Monday, January 22nd. The firm has "Outperform" rating by Telsey Advisory Group given on Friday, July 29. Whittier Trust Of Nevada has invested 0% in Wynn Resorts, Limited (NASDAQ:WYNN). The ex-dividend date of this dividend is Wednesday, February 14th. Deutsche Bank has "Buy" rating and $65 target. The firm earned "Buy" rating on Tuesday, November 28 by Robert W. Baird.

Since September 15, 2017, it had 0 insider buys, and 2 insider sales for $9.23 million activity. The insider MADDOX MATT sold 42,900 shares worth $6.15 million. Another trade for 21,451 shares valued at $3.08M was sold by Sinatra Kimmarie. Vantage Inv Advsr Ltd Liability Co holds 0.02% of its portfolio in ARRIS International plc (NASDAQ:ARRS) for 2,251 shares. (NASDAQ:MU) on Wednesday, October 5 with "Neutral" rating.

Capstone Investment Advisors Llc decreased Ford Mtr Co Del (Call) (NYSE:F) stake by 87,961 shares to 45,000 valued at $537,000 in 2017Q3. Pictet North America Advsrs owns 60,000 shares.

Among 14 analysts covering Arris Group Inc. Therefore 56% are positive. Brean Capital maintained it with "Buy" rating and $128 target in Friday, July 31 report.

In Macau, the firm is also preparing to add more hotel rooms to its Cotai property Wynn Palace, which opened in August 2016. The company was downgraded on Wednesday, July 26 by Union Gaming. The company was maintained on Wednesday, January 31 by Credit Suisse. The firm has "Hold" rating by Nomura given on Monday, January 29. The firm has "Outperform" rating given on Thursday, July 30 by RBC Capital Markets. The rating was initiated by HSBC on Tuesday, December 15 with "Buy".

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.15, from 1.06 in 2017Q2. It dropped, as 39 investors sold EXAS shares while 81 reduced holdings. 48 funds opened positions while 82 raised stakes. First Mercantile Tru reported 5,520 shares or 0.15% of all its holdings. Swiss Fincl Bank owns 3.88 million shares. Corporation reported 0% of its portfolio in Huntsman Corporation (NYSE:HUN). Blair William And Il holds 0.23% or 647,116 shares. Redmond Asset Llc stated it has 64,274 shares. D E Shaw And Inc owns 370,647 shares or 0.08% of their United States portfolio. This represents a $2.00 annualized dividend and a yield of 1.22%.

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